Toshiba says Westinghouse unit in talks for U.S. nuclear plant order

MariIwata

TOKYO (MarketWatch) -- Toshiba Corp. (6502.TO) said Thursday its unit Westinghouse Electric Co. is in final talks to receive orders for nuclear power plants in the U.S.

The company made the remarks after the Nikkei reported earlier in the day that the Japanese electronics conglomerate would build four nuclear power plants in the U.S. through deals worth a combined Y1.4 trillion.

The paper also said the company is expected to receive orders from major U.S. utilities Scana Corp.
SCG, -0.25%
and Southern Co.
SO, +0.32%
to build two plants in South Carolina and two in Georgia.

Noting in a press release that the Nikkei report wasn't something the company released itself, Toshiba didn't specify the counterparts in the talks, noting that a final decision has yet to be made on the matter.

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